The EFTA Surveillance Authority (ESA) approved changes to the Norwegian depreciation rules for wind power plants. Instead of being based on the lifetime of the equipment, the new rules entail that assets for wind power plants are depreciated over five years.

The advantage for the beneficiaries is an increased present value of these deductions from taxable income. The objective is to promote the production of renewable energy in Norway. In particular, the measure aims at increasing wind power production taking into account the considerable unexploited potential of wind power in Norway.

Press release


Informatiesoort: Nieuws

Rubriek: Europees belastingrecht

H&I: Previews


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